Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independe
The new job cuts come over a year after the company cut about 4% of its headcount in February last year.
Peloton, the exercise equipment maker, said it is laying off 15% of its workforce as part of cost-cutting measures.
Google told TechCrunch that Flutter will have new updates to share at I/O this year.
A tech-wide reckoning that began in 2022 and ran throughout into 2023. Though 2024 has gotten off to a rough start, it has yet to reach the peak of the prior year’s substantial cutbacks. This po
Tesla has gutted its charging team in a new round of layoffs, despite recently winning over major automakers like Ford and General Motors and making its connector the de facto standard in North Americ
EV startup Fisker Inc. is laying off more employees to “preserve cash,” one week after warning investors it would have to make cuts to stave off impending bankruptcy, according to an inter
India's Ola has let go its chief executive, Hemant Bakshi, just four months after appointing him to the post, and is cutting about 180 jobs.
Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering this week’s noteworthy happenings in tech. TikTok’s fate in the U.S. looks uncertain after President
Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned.
Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protect
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every w
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. After years of booming growth, the AI ind
Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a sourc
Two high-profile executives have departed Tesla the same day that the electric automaker laid off thousands of workers, TechCrunch has confirmed. Drew Baglino, Tesla’s SVP of Powertrain and Ener
From remote work to magnetic keyboard switches, we have your weekly recap of everything you can’t miss from the world of startups.
The 9-year-old Hinge Health offers a digital solution to treat chronic musculoskeletal (MSK) conditions and was last valued at $6.2 billion in October 2021.
Checkr, a 10-year-old startup that offers employee background checks, has laid off 382 employees — 32% of its workforce.
Apple is laying off 614 employees in California after abandoning its electric car project. According to the WARN notice posted by the California Employment Development Department, Apple notified the a
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